Kraken Rises to #2 in Kaiko’s Q2 2025 Exchange Ranking

Kraken has achieved a significant milestone by ranking #2 globally in Kaiko’s Q2 2025 Exchange Ranking, moving up from the #3 spot in the previous quarter. This advancement underscores Kraken's position as a leading crypto exchange and highlights its continuous improvement and innovation within the industry.

Kaiko’s exchange ranking is renowned for its rigorous, data-driven assessment across multiple core dimensions, including market quality, legal and regulatory compliance, security practices, and transparency standards. Kraken excelled in these categories, particularly in market depth, order book consistency, regulatory footprint, and data openness. This ranking not only reflects Kraken's current standing but also validates its long-term strategy, which benefits traders, institutions, and crypto-native builders.

Kaiko, a leading provider of cryptocurrency market data, analytics, and indices, conducts an independent quarterly assessment of spot cryptocurrency exchanges. This assessment ranks exchanges based on various factors, including liquidity. Kraken's rise to the #2 position is a testament to its commitment to accelerating the global adoption of cryptocurrency while maintaining high standards of trust, reliability, and service.

Kraken's success is attributed to its deep liquidity, tight spreads, and real volume, which support price discovery and reduce slippage. The exchange's professional-grade infrastructure handles billions of dollars in daily volume with ultra-fast execution and minimal downtime. Kraken supports advanced order types and provides deep books across spot, margin, and derivatives markets, ensuring consistently tight spreads and low latency. Clients, from retail traders to institutions, rely on Kraken for its true market depth, competitive spreads, and world-class uptime.

Security and compliance are at the core of Kraken's operations. The exchange is registered in multiple major jurisdictions, including the U.S., U.K., EU, Canada, and Australia. Kraken's client fund safeguards, storage protocols, and regular penetration testing ensure that it meets and often exceeds institutional security expectations. This commitment to security and compliance has earned Kraken the trust of governments, hedge funds, asset managers, and high-volume traders worldwide.

Transparency is another key value at Kraken. The exchange publishes real-time market data, historical feeds, proof of reserves attestations, and clear API access across all products. Unlike some exchanges that may obscure volume or mislead with synthetic metrics, Kraken believes in openness by default. The exchange backs its claims with verifiable facts and supports regular third-party audits, enabling clients to independently verify that their assets are backed 1:1. Transparency is not just a feature at Kraken; it is a responsibility embraced from day one.

Kraken's momentum is driven by its unwavering focus on client-first innovation, resilience and security, global expansion with regulatory alignment, and open and honest engagement with users and the broader ecosystem. The exchange is proud to be building a platform that supports the future of finance and the next billion people coming into crypto. Kraken's rise in Kaiko’s ranking is the result of years of focused effort, values-driven decisions, and community trust. The exchange remains committed to innovating, listening, and leading with integrity, ensuring that it continues to provide the tools, security, and transparency needed to thrive in the crypto space.